200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) Statements of cash flows For the financial year ended 31 December 2021 2021 2020 2021 2020 RM RM RM RM Operating activities Profit before tax 970,961 15,524,362 12,781,195 17,201,166 Adjustments for: Interest income (824,309) (3,444,697) - - Finance costs 14,827,405 18,455,871 742,694 - Allowance for impairment on trade receivables 2,919,132 3,286,616 - - Reversal of allowance for impairment on trade receivables (597,988) (821,305) - - Bad debts written off - 856,752 - - Bad debts recovered (593,541) (238,018) - - Impairment loss on investment in subsidiary - - 21,264 22,542 Depreciation of property, plant and equipment 39,165,977 39,889,588 - - Write down of land held for development - 7,316,055 - - Depreciation of right-of-use assets 3,090,321 3,467,747 - - Depreciation of investment properties 6,549 53,439 - - Gain on disposal of investment properties - (109,704) - - Loss on disposal of properties held for sale - 58,938 - - Gain on disposal of property, plant and equipment (2,461,171) (1,723,607) - - Gain on derecognition of right-of-use assets (6,901) (93,115) - - Property, plant and equipment written off 191,201 195,162 - - Share of loss of joint ventures 660,079 626,562 - - Provision for obsolete inventories 4,252 33,631 - - Reversal of provision for obsolete inventories (209,116) - - - (Reversal)/Provision for defect liability costs (1,464,000) 1,031,000 - - Unrealised foreign exchange (gain)/loss (914,836) 2,576,450 - - Group Company The accompanying accounting policies and explanatory notes form an integral part of the financial statements. - 23 - STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 K imlun Corporat ion Berhad Regi s t rat ion No. 200901023978 (867077-X) 83
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